China initiates $1.4 trillion in fiscal support with local government debt swaps

CNBC reported that the widely anticipated China stimulus package announcement at the end of the five-day legislature meeting on Friday was imminent. Analysts suspected that the fiscal magnitude of the fiscal support could increase. Earlier this week, Trump's win actualized threats of harsh tariffs on Chinese goods. source: https://www.cryptopolitan.com/china-prepares-for-fiscal-stimulus-package/